Unfortunately, HIVE is yet accepted by centralised finance services for loans yet, so I will use the 2nd most asset I have - BCH

And Yes.... I needed the money...

This is already the 4th week that my mom is still battling with Shingles and I needed to pay off all the medical bills that is curbing her chronic gastritis due to the anti-viral meds.

But I do not want to use my BCH, it is so close to 1 BCH already! If I just sell it off at the local P2P software, I am going to spend a long time to re-accumulate.

However, Celsius seemed to be offering a year-end promotion of just 1% interest for a 6 month's loan if my loan against the capital that I have been saving up under compounding interest is 25%. With the almost 1 BCH value, I actually can borrow $100 USD and pay it back in 6 month's time with an interest of $0.49 in total.

This is definitely VERY AFFORDABLE although I am planning to source multiple loans to settle my mom's medication bills.

^{Mom's shingles were attacking her left weaken eye}

Even though the we are at the last leg of shingles manifestation, but it is still close to my mom's weakened left cornea and this is not only affecting her vision, whenever she feels the nerves are painful at the eye area, so is her chronic gastric started.

The hospital tried different types of medication from pantoprazol to esomeprazol (acid reduced medication), but we realised that the anti-viral is just collateral damaging her entire gut and stomach system, and only this probiotic is helping to curb from the massive pain (till vomiting sensation) and she is able to rest better.

(we tried natural yogurt and even chamomile tea, it only helped a tiny bit)

But this supplement is VERY EXPENSIVE

And we have to take this 5 times a day, around MYR12 a day is spent, and I have spent for 30 days (x 5) supply already; burning a big hole in my wallet, apart from all the other medication I had to buy over the counter + clinical bills.

So this is a very good time to give this a try and see if this works. And with the additional earnings here and noise.cash , I should be able to pay back with interest while having a 4.5% APR compounding interest with a lot lesser strain of losing all the hard earned BCH, just with 1 conversion and sell off.

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Isn't this how usually the Rich People do? They have plenty of asset and they use their asset to make a loan, also to avoid taxation.... haha.

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So does it work?

With only $100 loan, this is ONE HECK OF A LONG AGREEMENT I have to read! But the good thing is that I can actually download and read thoroughly later.

I believe it is just like Nexo, as the time goes by, the interest rate increases and I must keep at least 1 month worth of loan before I could start paying back; and usually it will be a minimum of $10 USD - $30 USD to partially pay by along the way; but if I don't have enough money, I can save up for another 6 months and pay off at a go with the full 49 cents interest I can actually pay up the interest every month when they prompt me via email, and then settle a one lump sum.... technically... otherwise I will need to pay up every month around $16 USD to service my loan.. (also I can p

This gives people a lot of time to save aside and not spend off easily, unless they need re-financing.

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I hope I won't need to though...

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How is the process?

After choosing BCH as collateral and then choosing 6 months (minimum) as payback time, I will need to confirm and agree with the terms and conditions. The steps are actually quite simple you just need to read them properly and make sure all checkboxes were checked.

Was it easy?

The only drawback I would say compared to Nexo (which is 6.8% loan interest) is that it is not an instant approval. It actually requires a human to look through the loan before it is approved to make sure that borrower has enough for collateral (I guess?) . Some even were asked the reason for the loan, which could just be double checking in case of a fraud taking place (if the app is not properly secured)

I will let you know how the process would go soon and update it here.

Until then

Time sure flies! I am "4 years old" now! haha

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